The venture capitalists spotted at this week's Lobby conference in Hawaii are not, we've noted, the Sand Hill Road dwellers who inflated bubbles past or present. No sign of anyone from Sequoia or Kleiner Perkins. So who is enjoying the tropical sun? Well, conference host and August Capital partner David Hornik, of course. Also photographed on the scene: Greylock's David Sze, SoftTech's Jeff Clavier, Foundation Capital's Mike Brown, Panorama Capital's Mike Jung, and Bay Partner's Eric Chin. Hats off to First Round Capital's Josh Kopelman, who is using his entrepreneurial skills to cash in during the scavenger hunt. (Photo by: bradley23)